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Life Annuity Funds Rise To N463.1bn, Says NAICOM

Life annuity funds managed by life insurance companies rose to N463.1bn as of the end of the second quarter of 2020. This was disclosed in a report entitled ‘Retiree life annuity: An overview of [...]

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Sanwo-Olu Orders Integrity Test On School Buildings

Lagos State Governor, Mr Babajide Sanwo-Olu, has directed the Ministry of Physical Planning and Urban Development to carry out integrity tests on both public and private schools with buildings of [...]

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CITN Seeks Solution To Fiscal Deficit Through Tax

The President, Chartered Institute of Taxation of Nigeria, Olajumoke Simplice, has said the common reporting standard on tax adopted by the country can help to solve fiscal deficit challenges. [...]

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Travel Bodies Write EU, Seek End To Quarantine Restrictions

No fewer than 25 travel and tourism bodies as well as unions across Europe have asked the European Commission to replace quarantine restrictions with a European Union Testing protocol for travel, [...]

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Deregulation: More Investors Eyeing Modular Refineries, Says DPR

The Department of Petroleum Resources has said more investors are showing interest in establishing modular refineries in the country following the deregulation of petrol. The Director, DPR, Mr [...]

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Fuel Price Hike: Stop ‘Killing The Dead’, TUC Tells FG

The Trade Union Congress of Nigeria has condemned the increase in petrol price and electricity tariff in the country. The TUC expressed its disappointment on Thursday in a statement titled, [...]

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Governors To Implement Tax Reliefs For Businesses

The Nigeria Governors‘ Forum has resolved to implement tax relief programmes for businesses and taxpayers across the 36 states of the federation in order to ease the current financial hardship. [...]

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Naira Rebounds, Exchanges For 420/$, Speculators Count Losses

The Naira exchanged to the Dollar at the parallel market at N420/$ on Wednesday, following the interventions made by the Central Bank of Nigeria in the Investors and Exporters window. Prior to [...]

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CBN Drops Savings Account Interest Rate To 1.25%

The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of 10 per cent of the Monetary Policy Rate effective from September 1, 2020. This [...]

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Metals Import Gulps $3.3bn Annually, Says Minister

Nigeria spends about $3.3bn every year on the importation of metals, the Minister of Mines and Steel Development, Olamilekan Adegbite, stated on Monday. He stated this in his remark at the [...]